Archives,Releases & News,Triveni Group

News Subject: Triveni Engineering - Allotment of Bonus Equity Shares
News Body: Triveni Engineering & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 17, 2005, has by capitalizing Share Premium Account amounting to Rs 12,47,28,090/- allotted 12,47,28,090 new Equity Shares of Re 1/- each as fully paid up Bonus Shares in the ratio of 3:2 to the eligible equity shareholders.

The Bonus Equity Shares so allotted shall rank pari passu in all respects with & carry the same rights as the existing Equity Shares & shall be entitled to participate in full in any dividends that may be declared for the financial year 2005-2006.

News Subject: Triveni Engineering - EGM on May 19, 2005
News Body: Triveni Engineering & Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on May 19, 2005, inter alia, to transact the following:

1. Increase in Authorised Share Capital from Rs 40,00,00,000 to Rs 70,00,00,000 divided into 50,00,00,000 equity shares of Re 1/- each and 2,00,00,000 preference shares of Rs 10/- each by creation of 30,00,00,000 equity shares of Re 1/- each and consequential amendments in Memorandum & Articles of Association of the Company

2. Authorised the Board to capitalize, a sum not exceeding Rs 12,47,28,090/- as may be determined to be required by the Board, out of the amount of Rs 67,52,67,215/- standing to the credit of the Share Premium Account as on March 31, 2004 and transfer from the Share Premium Account to Share Capital Account and that sum as may be determined to be required shall be applied for allotment of new equity shares of Re 1/- each as fully paid-up Bonus Shares ("New Equity Shares") to the persons who, on a date to be hereafter fixed by the Board, are the holders of the existing equity shares of Re 1/- each of the Company ("Existing Equity Share") on the said date and that such New Equity shares out of the Company's unissued Equity Shares, credited as fully paid-up, be accordingly allotted as Bonus Shares to such shareholders respectively as aforesaid in the proportion of three such New Equity Shares for every two existing equity shares held by such shareholders respectively on the said date

3. Authorised the Board to issue, offer and allot in one or more trenches, in the course of domestic/ international offering(s) to Domestic/Foreign Investors, including Foreign Institutional Investors, Non-Resident Indians, Bodies Corporates, Mutual Funds, Banks, Insurance Companies, Pension Funds, Individuals, Employees or otherwise, whether shareholders of the Company or not, and such other entities as may be permitted under applicable laws through a public issue by 100% book building process as prescribed in Chapter XI of the SEBI Guidelines or otherwise and/or on a private placement basis, which may include an offer for sale by the promoters with or without persons acting in concert, if any, of the Company subject to applicable laws and terms and conditions prescribed by appropriate authorities, upto 5,00,00,000 equity shares of Re 1/ each ("Securities").

4. Re-appointment of Mr Dhruv M Sawhney as Managing Director of the Company for a period of 5 years w.e.f March 31, 2005 whose period of office shall not be liable to retire by rotation.

News Subject: Triveni Engineering & Industries Board recommends dividend
News Body: Triveni Engineering & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 02, 2005, has recommended final dividend @ 65% (Re 0.65 per fully paid up Equity Shares of Re 1/- each) on the Equity Share Capital of the Company for the financial year ended March 31, 2005 which, if declared at the forthcoming Annual General Meeting (AGM).

Further the Company has informed that the Register of Members & Share Transfer Books of the Company will remain closed on July 06, 2005 for the purpose of payment of final dividend on equity share capital of the Company for the financial year ended March 31, 2005, if declared at the forthcoming AGM.

News Subject: Triveni Engineering - Outcome of Board Meeting
News Body: Triveni Engineering & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 16, 2005, inter alia, has decided the following, subject to the approval of shareholders at a general meeting: 1. To issue by public offering upto 50 million fully paid-up equity shares of Re 1/- each. The Board has authorized its Executive Sub-Committee to decide the size of the issue, price of the issue including premium, timings of the issue and all terms and conditions of the issue. 2. Second interim dividend will not be paid. 3. To issue bonus shares to the equity shareholders of the Company in the ratio of 3:2 by way of capitalizing the share premium account.

News Subject: Triveni Engineering & Industries - Board Meeting on Apr 16, 2005
News Body: Triveni Engineering & Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 16, 2005, inter alia, to consider the following:
1. Second interim dividend;
2. Issue of bonus shares by capitalizing the free reserves;
3. Change of name of the Company ;
4. Preliminary issues relating to IPO e.g. appointment of Merchant Bankers, Advisors to the Issue, Registrar to the Issue; Bankers to the Issue etc. and to approach the shareholders to pass a resolution under section 81(1A) of the Companies Act, 1956.
5. To convene an Extra-Ordinary General Meeting of the shareholders of the Company, inter alia, to transact the following:

i. Approval to the appointment of Managing Director;
ii. Approval to issue bonus shares;
iii. Alteration of Capital Clause of the Memorandum & Articles of Association of the Company for increasing the Authorised Capital from Rs 200 million to Rs 300 million.
iv. Approval under Section 81(1A) of the Companies Act, 1956 for the issue of equity shares to the Public.
v. Change of name of the Company.
6.Establishment of two new sugar factories at Digroli and Sabitgarh

News Subject: Triveni Engineering - Reappointment of CMD
News Body: Triveni Engineering & Industries Ltd has informed BSE that Mr Dhruv M Sawhney has been, subject to approval of the shareholders, re-appointed as Chairman & Managing Director(CMD) of the Company for a period of five years with effect from March 31, 2005, by the Board of Directors.

News Subject:Triveni Engineering & Industries Board to consider payment of second interim dividend
News Body: Triveni Engineering & Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 16, 2005, inter alia, to consider payment of second interim dividend on the equity share capital of the Company for the financial year ended March 31, 2005.

News Subject:Triveni Engineering fixes Record Date
News Body: Triveni Engineering & Industries Ltd has informed BSE that that the Executive Sub-Committee of the Board of Directors of the Company has fixed record date of February 15, 2005 for purpose of sub-division of Rs 10/- per equity share of the Company into the equity shares of Re 1/- each, with due approval from the members of the Company at the Extraordinary General Meeting held on January 27, 2005.